Pacer Advisors Inc. Increases Stock Position in CSW Industrials, Inc. (NASDAQ:CSWI)

Pacer Advisors Inc. increased its stake in shares of CSW Industrials, Inc. (NASDAQ:CSWI) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,197 shares of the basic materials company’s stock after purchasing an additional 233 shares during the period. Pacer Advisors Inc.’s holdings in CSW Industrials were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in CSW Industrials by 105.9% in the 3rd quarter. GAMMA Investing LLC now owns 70 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 36 shares during the period. National Bank of Canada FI purchased a new position in shares of CSW Industrials in the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of CSW Industrials in the third quarter worth $30,000. Peterson Financial Group Inc. purchased a new stake in CSW Industrials during the third quarter valued at $72,000. Finally, Nisa Investment Advisors LLC lifted its holdings in CSW Industrials by 508.8% in the third quarter. Nisa Investment Advisors LLC now owns 207 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 173 shares during the period. Institutional investors own 82.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert M. Swartz sold 200 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the completion of the transaction, the director now directly owns 13,519 shares of the company’s stock, valued at approximately $4,350,143.82. This trade represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Don Sullivan sold 1,965 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $760,749.75. Following the completion of the sale, the executive vice president now owns 30,804 shares in the company, valued at approximately $11,925,768.60. The trade was a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,103 shares of company stock worth $3,841,894. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CSWI. Citigroup reduced their price target on shares of CSW Industrials from $466.00 to $404.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group reduced their target price on shares of CSW Industrials from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com cut shares of CSW Industrials from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Company decreased their target price on CSW Industrials from $410.00 to $350.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $384.67.

CSW Industrials Trading Down 0.8 %

NASDAQ CSWI opened at $319.85 on Wednesday. CSW Industrials, Inc. has a 12 month low of $216.61 and a 12 month high of $436.50. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 38.21 and a beta of 0.84. The company’s 50 day moving average is $373.98 and its two-hundred day moving average is $359.95.

CSW Industrials (NASDAQ:CSWI) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Sell-side analysts forecast that CSW Industrials, Inc. will post 8.22 EPS for the current year.

CSW Industrials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, January 31st. CSW Industrials’s dividend payout ratio (DPR) is 11.47%.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.